Questions - 10 of 15 > The following information app to the questions displayed below! Daniel Company uses a periodic Inventory system. Data for the current year beginning merchandise inventory lending Inventory December nor year. 2.000 units at $38 urth, 1,000 units of $40 (excluding income taxes. 5104,500ending inventory per physical count at December 31, current you, 1.800 na 8.200 sales price per unit 575 and were income true. 30 percent oc Required: 1. Compute cont of goods sold and prepare Income statements under the FIFO, LIFO. ond average cost inventory costing methods. (Do not round your intermediate calculation) Inventory Coating Method FIFO UFO Average Cost Units 2000 8.000 10.000 1.800 Cost of Goods Sold Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 0 0 0 FIFO LIFO Average Cost Income Statement